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odedi
Dec 14, 2018 6:16 AM

NZDJPY long! Long

NEW ZEALAND DOLLAR / JAPANESE YENICE

Description

NZDJPY long!

Trade closed manually

Comments
ICmarkets
Nice idea on NZDJPY and there may be bullish bias as you have you have identified. For our set up, we have identified the key resistance and support levels for the short term. The first support that we have identified is at 76.39 (100% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal swing low support). Stochastic is approaching its support at 1% where a corresponding bounce could occur. If a bounce does occur, we may look at the 77.36 resistance level (38.2% & 50% Fibonacci retracement , horizontal pullback resistance), which is just below the mid way point of your take profit zone. Please have a look at our idea and share with us what you think.

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